Biggest losers: These 26 stocks are down over 20% this year

  • 📰 Moneyweb
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 77%

United States News News

United States United States Latest News,United States United States Headlines

Five months into 2023, more than two dozen shares are down over 20% on the JSE. Moneyweb Investing Stocks

Five months into 2023, more than two dozen shares are down over 20% on the JSE. Much of this decline has come in recent weeks as local equities find themselves under enormous pressure. Selling by overseas investors has been prevalent for a number of months already, with net foreign sales totalling nearly R30 billion for the year so far. In the whole of 2022, net selling was R84 billion.

Read: Food shortage in SA not so far-fetched – PnP CEO Transaction Capital takes 48% profit hit after downsizing taxi business This is even before factoring in the mess at Transnet, which is effectively forcing companies to shift transport of commodities from rail to road . Major platinum group metal producers Impala Platinum and Anglo American Platinum are also down by more than 20% in 2023.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

When an IPP, electricity trader and 20 business owners join forces …Investors in renewables will not be able to sell that capacity when there is no certainty regarding wheeling tariffs and the overall cost of electricity to consumers. Moneyweb Eskom
Source: Moneyweb - 🏆 5. / 77 Read more »

MARKET WRAP: JSE joins global jitters over US debt voteRand remains under huge pressure as US House of Representatives prepares to vote on the deal to increase the government’s spending cap
Source: BDliveSA - 🏆 12. / 63 Read more »